Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the signing of a credit facility agreement (Sharia compliant) with Banque Saudi Fransi.
- Date: 14-Jun-2023
- Source: Mubasher
- Sector:Industrial
- Country:Saudi Arabia
Saudi Pharmaceutical Industries and Medical Appliances Corp. announces the signing of a credit facility agreement (Sharia compliant) with Banque Saudi Fransi.
|Element List||Explanation|
|Introduction||Saudi Pharmaceutical Industries and Medical Appliances Corp. (SPIMACO ADDWAIEH) announces the signing of a Sharia compliant credit facility agreement with Banque Saudi Fransi amounting to SAR 300 million.|
|Date of obtaining the funding||2023-06-14 Corresponding to 1444-11-25|
|Financing entity||Banque Saudi Fransi|
|Financing amount.||SAR 300 million.|
|Financing duration.||Long-term facilities for 5 years|
|Guarantees offered for the financing||Promissory note.|
|Financing objective||The purpose of these Long-term facilities is for Balance Sheet restructuring.|
|Related Parties||None|
|Additional Information||None|